Mercuria acquires Rocky Mountain crude business unit from Enterprise Crude Oil

Mercuria Energy, an independent and integrated energy and commodities group, has acquired a Rocky Mountain crude supply and marketing business from Enterprise Crude Oil LLC, an affiliate of Enterprise Products Partners LP.

Mercuria acquired a marketing team and assets in Wyoming, North Dakota, Colorado, and Montana. With the transaction, Mercuria will continue to deliver upon Enterprise's historical ties with local producers to ensure volume flow and access to competitive markets. 

The marketing business further builds upon Mercuria's in-house activities. Bringing more than 150 new counterparties to Mercuria, the transaction complements the firm's growing presence in the North American crude market. The business complements Mercuria's lease first purchasing, storage/transportation assets, and refinery supply activities. 

Mercuria is primarily focused on energy, and is present all along the commodity value chain with activities forming a combination of commodity flows and strategic assets. In 2014, Mercuria completed the acquisition of the physical commodities trading unit of JPMorgan Chase & Co.

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